I'm all for filing a class action lawsuit for the naked shorting, and yea all those that want to argue that it's not naked short selling it's a "mistake" (if you sell shares into the open market that do not exist then it is naked short selling, period) if the brokers that created this situation do not cover the short position.
Anyone that believes that I would let this slide is sadly mistaken. The company should also be involved in demanding the covering take place. From an investors point of view if the company colluded with the broker after the fact to sweep this under the rug for a lil' payola then the company is toast and the officers of the company are liable. Fraud is fraud whether it's NASDAQ, NYSE, OTC, COMEX, etc.
I'm fed up with the posters on this board that have no skin in the game insisting we share holders are SOL. As a group we will get our due be it via SEC requirements or the legal system.
